Sewing and Embroidery Machine Market REPORT OVERVIEW
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The global sewing and embroidery machine market size is predicted to value at USD 5904 million in 2022 and is projected to touch USD 8599.39 million by 2031, exhibiting a Compound annual growth rate (CAGR) of 3.8% during the forecast period.
A sewing and embroidery machine is utilized in the stitching of fabrics with the thread. It is less time-consuming and delivers a high-quality product. The traditional machinery is being replaced with a modern computerized machine. It helps in the higher production of volumes and is cost-effective.
Globalization has skyrocketed the consumer demand for exquisite designs and fashionable garments. The fabric industry accounts for a major contribution to the economy. The escalation of the textile will create more opportunities for the sewing and embroidery machine market in the forecasted year.
COVID-19 Impact: SetBack of the Textile Industry to Hamper the Market Demand
The sudden spike in global COVID-19 cases affected the textile industry. The manufacturing unit was shut down and the supply structure saw a massive complication due to the limited global transportation facilities and closed down of international borders. The frequent lockdowns have overblown the textile industry. Moreover, the accessibility of raw materials and lack of human resources created a market gap. Furthermore, the consumer priority shifted to healthcare and the demands shrank during the pandemic times. However, the market is expected to rebound as the normalization begins.
LATEST TRENDS
"Integration of Technology to Boost the Market Demand"
The traditional sewing and embroidery machine has gone through massive transformations. The machines are being automated and computerized to ensure minimum human labour. Continuous research and experiments are being conducted to improve the efficiency and potentiality of the products. In light of the recent developments, data transfer across the sewing and embroidery machine is being experimented with. The popularization of the free motion technique and the installation of Wi-Fi technology is revolutionizing sewing machinery. Although, these high-tech products are yet to be distributed on a large scale, however, gradually it is taking over the commercial market. The key players have analyzed the safety segment and introduced safety features in the latest pieces of machinery. The high efficiency of the machine to produce an accurate design in a short time will drive the sewing and embroidery machine market growth in the forthcoming years.
Sewing and Embroidery Machine Market Segmentation
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- By Type
Based on type, the market is divided into sewing machines and embroidery machines. The sewing machine sector is expected to lead this segment in the forecasted year.
- By Application
Based on the application, the market is divided into textile, fashion, and others. The fashion sector is anticipated to lead this segment.
DRIVING FACTORS
"Increasing Demand of the Textile Industry to Accelerate the Product Sales"
The latest report and survey have shown that the textile industry accounts for more than 75 million people's employment globally. The industry is growing at an unprecedented rate along with the everlasting demand for fashionable clothing. The population expansion has triggered the textile industry's market growth. The textile industry is anticipated to continue to grow in the upcoming years. The sewing and embroidery machine helps in the production of high volume at low maintenance and in a short period. The professionals are favoring the sewing machines as the outcome of the final products are of high quality and precise design. Furthermore, the popularity of e-commerce platforms has boosted the sale of garments, especially traditional clothes. The rapid expansion of the retail store and elite boutique shops has escalated the market growth of the sewing and embroidery machine market. Globalization, the re-structuring of the textile industry, and consumer demand for fresh designs have ignited the competitive nature among the key players in the sector. Thus, the growth of the textile industry and the demand for fashionable clothes are driving the sewing and embroidery machine market share.
"Government Initiatives and Incorporation of Women to Propel the Sewing and embroidery Machine Market Demand"
The textile industry is important for the development of the nations as it contributes to revenue generation and the economy of the domestic sector. The investments are increasing due to the collaborative efforts of the governments and public origination. Moreover, more than 75 % of the textile workers comprises of women. The women are being encouraged to participate in this industry as it helps them to be financially independent and support their families. In a nutshell, the incorporation of women and underprivileged people has ensured the production of high volumes meeting the market demands at the same time creating employment opportunities for the people. The inclusion of these people in the fabric industry has boosted the sale of sewing and embroidery machine and made them a piece of household machinery.
RESTRAINING FACTORS
"High Price of the Products to Hamper the Market Growth "
The machinery is expensive considering the demands are typically coming from the backward and underprivileged section of the population. The sewing machines and embroidery machines are often purchased by domestic housewives and women. The high cost of the product might be a restraining factor in the sewing and embroidery machine market size.
Sewing and Embroidery Machine Market REGIONAL INSIGHTS
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"Asia Pacific to Dominate the Market due to Large Scale Production"
Asia Pacific countries are in strive to improve the textile industry as a result production units are being established to speed up the manufacturing process. China is leading the segment owing to its good economy, availability of raw materials, and cheap labour. The growth of the textile industry is boosting the sewing and embroidery machine market in these regions. The domestic sector accounts for the highest growth. The movement encouragement and employment opportunities are other driving factors in the market growth. Moreover, the presence of the key players and the technological advancement is propelling the market demands in the Asia-Pacific countries.
KEY INDUSTRY PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- Tajima (China)
- Brother (Japan)
- Feiyue (China)
- Juki Corporation (Japan)
- Jack (China)
- ZOJE (China)
- Shang Gong Group (China)
- Singer (U.S.)
- Toyota (Japan)
- Gemsy (India)
- Jaguar (U.K.)
- Typical (China)
- Viking (Switzerland)
- SunStar (Japan)
- Maqi (China)
- MAX (India)
- Janome (Japan)
- Bernina (Switzerland)
- Pegasus (Singapore)
- Baby Lock (U.S.)
- Barudan (Japan)
- ZSK (U.S.)
- HappyJapan (Japan )
- Feiya (China)
- Jingwei Electronic (China)
- Yuelong Sewing Equipment (China)
- Xinsheng Sewing Equipment (China)
- Feiying Electric Machinery (China)
- Shenshilei Group (China)
- Maya (Philippines)
REPORT COVERAGE
This report covers the analysis of the sewing and embroidery machine market providing a comprehensive market insight focusing on the existing key players who would play a crucial role in the forecasting period. It also analyses based on segmentation, industrial developments, trends, growth, size, share, restraints and revenue. The report covers an overview of the latest driving factor in the industry, dominant region, latest innovations and opportunities.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 5904 Million in 2022 |
Market Size Value By |
US$ 8599.39 Million by 2031 |
Growth Rate |
CAGR of 3.8% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the global sewing and embroidery machine market expected to touch by 2031?
The global sewing and embroidery machine market is expected to reach USD 8599.39 million by 2031.
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What CAGR is the sewing and embroidery machine market expected to exhibit by 2031?
The sewing and embroidery machine market is expected to exhibit a CAGR of 3.8% by 2031.
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Which are the driving factors of the sewing and embroidery machine market?
The increasing demand for the textile industry and the government initiatives and incorporation of women are the driving factors in the sewing and embroidery machine market.
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Which are the top companies operating in the sewing and embroidery machine market?
Tajima, Brother, Feiyue, Juki Corporation, Jack, ZOJE, Shang Gong Group, Singer, Toyota, Gemsy, Jaguar, Typical, Viking, SunStar, Maqi, MAX, Janome, Bernina, Pegasus, Baby Lock, Barudan, ZSK, HappyJapan, Feiya, Jingwei Electronic, Yuelong Sewing Equipment, Xinsheng Sewing Equipment, Feiying Electric Machinery, Shenshilei Group, Maya are the key company operating in the sewing and embroidery machine market.